Baosheng Science and Technology InnovationLtd Balance Sheet Health
Financial Health criteria checks 2/6
Baosheng Science and Technology InnovationLtd has a total shareholder equity of CN¥5.0B and total debt of CN¥12.7B, which brings its debt-to-equity ratio to 253.3%. Its total assets and total liabilities are CN¥22.2B and CN¥17.2B respectively. Baosheng Science and Technology InnovationLtd's EBIT is CN¥478.2M making its interest coverage ratio 1.2. It has cash and short-term investments of CN¥2.9B.
Key information
253.3%
Debt to equity ratio
CN¥12.72b
Debt
Interest coverage ratio | 1.2x |
Cash | CN¥2.89b |
Equity | CN¥5.02b |
Total liabilities | CN¥17.16b |
Total assets | CN¥22.18b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600973's short term assets (CN¥15.0B) exceed its short term liabilities (CN¥13.5B).
Long Term Liabilities: 600973's short term assets (CN¥15.0B) exceed its long term liabilities (CN¥3.6B).
Debt to Equity History and Analysis
Debt Level: 600973's net debt to equity ratio (195.7%) is considered high.
Reducing Debt: 600973's debt to equity ratio has increased from 239.4% to 253.3% over the past 5 years.
Debt Coverage: 600973's debt is not well covered by operating cash flow (9.7%).
Interest Coverage: 600973's interest payments on its debt are not well covered by EBIT (1.2x coverage).